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Montana Title 19. Public Retirement Systems § 19-20-504. Vesting of retirement allowances upon termination of system

Current as of January 01, 2024 | Updated by Findlaw Staff

Upon termination of the retirement system, termination of employment of a substantial number of members which would constitute a partial termination of the retirement system, or complete discontinuance of contributions to the retirement system, the retirement allowance accrued to each member directly affected by such occurrence becomes fully vested and nonforfeitable to the extent funded.

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Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-20-504. Vesting of retirement allowances upon termination of system - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-st-19-20-504/

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